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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (10746)	6/22/2002 11:31:03 AM
From: James Calladine	Read Replies (1) \| Respond to of 11568

I stand by my original comments, although the point you make about these securities is valid. "As for the rating agencies, if they actually looked at this objectively" Buschman, do you think YOU are the only person who understands the issues, and that your insight is greater than that of the rating agencies? If a company defers cash payments, there is a reason. And the reason is what the rating agencies are addressing. For your info I hold no position, long or short in WCOM. Namaste! Jim Namaste! Jim

To: Oeconomicus who wrote (10746)	6/23/2002 8:09:38 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11568

RD, <<This is not a default of any sort, much as the shorts would like to spin it that way.>> Seems the rating agencies have found religion after the last 10 years supporting companies with 100 year forward earnings P/E of 500? The anal-ysts are now attending the same church? My take on the payment deferral was an intended statement to the market that the company was serious about survival (like the MCIT dividend) and was showing the market financial responsibility. Unfortunately it was read wrong. I think that Worldcom needs some more creative thinking to address a market geared to profit more from its destruction than its survival. For those that believe, current prices are a gift.